CID Holdco, Inc. (NASDAQ:DAIC – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 185,622 shares, a decline of 40.7% from the May 14th total of 312,921 shares. Based on an average daily volume of 467,860 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of CID Holdco
Several hedge funds have recently made changes to their positions in DAIC. Bank of Montreal Can raised its position in shares of CID Holdco by 97.0% during the 4th quarter. Bank of Montreal Can now owns 197,008 shares of the company’s stock valued at $88,000 after buying an additional 97,000 shares in the last quarter. Sandia Investment Management LP purchased a new stake in shares of CID Holdco during the 2nd quarter valued at about $112,000. Millennium Management LLC bought a new position in CID Holdco during the 3rd quarter valued at about $211,000. Blue Owl Capital Holdings LP bought a new position in CID Holdco during the 4th quarter valued at about $251,000. Finally, Moore Capital Management LP bought a new position in CID Holdco during the 3rd quarter valued at about $398,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of CID Holdco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
CID Holdco Stock Down 5.7%
Shares of NASDAQ DAIC traded down $0.11 during mid-day trading on Monday, hitting $1.81. 534,323 shares of the company’s stock traded hands, compared to its average volume of 449,117. The company’s 50-day moving average is $4.41 and its two-hundred day moving average is $11.53. CID Holdco has a 1 year low of $1.64 and a 1 year high of $1,875.00.
CID Holdco (NASDAQ:DAIC – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($3.75) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.
CID Holdco, Inc is a manufacturing company in the Computer Software industry.
Further Reading
- Five stocks we like better than CID Holdco
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for CID Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CID Holdco and related companies with MarketBeat.com's FREE daily email newsletter.
